Oil futures settled above $46 a barrel Thursday, as seven straight weeks of declines in U.S. crude production as well as weakness in the dollar helped lift prices to their best level in nearly six months.But some analysts question whether crude will continue its positive momentum given a lack of significant change on the supply side of the market.
Natural-gas prices, meanwhile, finished at their lowest level in a week as a report showed that U.S. supplies rose a bit more than the market expected.
June West Texas Intermediate crude CLM6, -0.09% tacked on 70 cents, or 1.5%, to settle at $46.03 a barrel on the New York Mercantile Exchange, with prices scoring the highest settlement since Nov. 4. June Brent LCOM6, -0.02% on the ICE Futures exchange in London, which expires Friday, added 96 cents, or 2%, to $48.14 a barrel.
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